1z0-1060-22 PDF Dumps Aug 02, 2022 Exam Questions – Valid 1z0-1060-22 Dumps
Ultimate 1z0-1060-22 Guide to Prepare Free Latest Oracle Practice Tests Dumps
Oracle 1z0-1060-22 Exam Syllabus Topics:
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NEW QUESTION 40
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
- A. Run Create Accounting again to generate journal entries for the events that ended in error.
- B. Set the "SLA: Diagnostics Enabled" profile option.
- C. Run the Accounting Events Diagnostic Report.
- D. Submit the Accounting Event Diagnostics process.
Answer: B
NEW QUESTION 41
You need to build a complex account rule. Which four value types can you use in your definition?
- A. Account Combination
- B. Value Set
- C. Source
- D. Existing Account Rule
- E. Constant
- F. Mapping Set
Answer: C,D,E,F
NEW QUESTION 42
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define journal line rules with conditions
- B. define user transaction line identifier
- C. define line description rule with condition
- D. define journal entry rule set with condition
Answer: C
NEW QUESTION 43
Given the business requirement in the use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What are the key transaction types mentioned in the use case?
- A. Purchase Trucks and Pay Out Trucks
- B. Purchase Trucks and Deploy Trucks
- C. Pay Insurance and Control Truck Services
- D. Initiate Truck Rentals Contract and Pay Truck Maintenance
Answer: D
NEW QUESTION 44
Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?
- A. Chart of account and convention.
- B. Calendar and currency.
- C. Chart of account and calendar.
- D. Chart of account and currency.
Answer: C
NEW QUESTION 45
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in a supporting reference to derive amounts.
- B. Use a custom formula in a journal line rule to derive amounts.
- C. Use a custom formula in a description rule to derive amounts.
- D. Use a custom formula in an account rule to derive amounts.
Answer: B
NEW QUESTION 46
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
- A. a predefined Oracle Business Intelligence Publisher report
- B. an Oracle Transactional Business Intelligence analysis
- C. an Oracle Financial Reporting Studio report
- D. a Smart View Report
Answer: B
NEW QUESTION 47
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
- A. Journal Line Rule
- B. Event Class
- C. Journal Entry Rule Set
- D. Event Type
- E. Journal Entry
Answer: A
NEW QUESTION 48
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. transfer Balances to FAH Reporting Cloud Service
- B. upload transaction data into FAH Reporting Cloud Service
- C. provide real-time visibility to financial reports inFAH Reporting Cloud Service
- D. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
Answer: B
NEW QUESTION 49
Which four are the components of a Ledger?
- A. Accounting Convention
- B. Currency
- C. Chart of Accounts
- D. Legal Entity
- E. Calendar
Answer: A,B,C,E
NEW QUESTION 50
Given the business use case:
'New Trucks' runs a fleetof trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract andrecognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?
- A. Company
- B. Truck Type
- C. Customer Number
- D. TransactionDate
Answer: C
NEW QUESTION 51
What is "Opt-In," in the context of the Functional Setup Manager?
- A. It is a step where you enter the setup data necessary for your enabled offerings and functional areas
- B. It is a step where you can select the offerings, functional areas, and features that best fit your business requirements
- C. It is a step where you will identify the offerings that you want to implement
- D. It is a step where you move verified data into the production environment
Answer: A
NEW QUESTION 52
Which four components are created by the source system registration upload process in a single step?
- A. Journal Category
- B. Account Rules
- C. Transaction Objects
- D. Description Rules
- E. Event Model
- F. Journal Source
Answer: A,C,E,F
NEW QUESTION 53
Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?
- A. Update Subledger Accounting Options
- B. Manage Configuration Packages
- C. Manage Subledger Application
- D. Create Subledger Application Setups in the Spreadsheet
Answer: D
NEW QUESTION 54
'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- B. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
- C. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- D. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
Answer: A
NEW QUESTION 55
Which is used to track a specific transaction attribute on subledger journal entries?
- A. supporting references
- B. lookup value rules
- C. account rules
- D. value set rules
Answer: A
NEW QUESTION 56
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